Mathematics, 07.10.2020 01:01 hopeschr2019

You take out a loan for $175,000. Which option will cost you less? A) Simple Interest rate of 4.17% over 15 years
B) Compound Interest rate of 3.5% over 15 years
Is it option a or b or both

Answers: 1

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More questions: Mathematics Another questions

You take out a loan for $175,000. Which option will cost you less? A) Simple Interest rate of 4.17% over 15 years B) Compound Interest rate of 3.5% over 15 years Is it option a or b or both

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Another question on Mathematics

You take out a loan for $175,000. Which option will cost you less? A) Simple Interest rate of 4.17% over 15 years
B) Compound Interest rate of 3.5% over 15 years
Is it option a or b or both